Capita Employee Benefits' Helen Dowsey talks about the benefits of master trusts and explains why they are on an increasing number of trustee and governance committee agendas.
In the video, Dowsey - head of strategic development for Capita Employee Benefits' Atlas Master Trust - explains how master trusts can provide a solution for sponsors concerned about the costs and complexity of single employer trusts.
She says a master trust can help employers reduce costs and risk, such as the risks posed by failing to meet the Pension Regulator's present and anticipated future requirements
Dowsey also looks at how a master trust can help trustees looking for an appropriate home for an increasing number of deferred members and those seeking flexi-access drawdown
In addition to this, Dowsey looks at how master trusts can benefit trustees struggling with ever-increasing regulation - saying they could be an answer for trustees not willing or able to meet the standards demanded by the DC Code currently under consultation.
Finally, Dowsey looks at how a high quality, robustly governed master trust can deliver personalised (eg, age, gender, salary specific etc.) communications designed to enhance the member experience and deliver better member outcomes.